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HomeMy Public PortalAbout02179 O R D I N A N C E NO. 2179 AN ORDINANCE appropriating Six Thousand Six Hundred Dollars ($6,600.00) from the unappropriated surplus of the Coldwater Creek Sewer Revenue Bond Redemption Account to be used for the purchase of Ten Thousand Dollars ($10,000.00) par value Coldwater Creek Trunk Subdistrict Sewer Revenue Bonds dated August 1, 1963 and maturing on June 1, 1992, together with their accrued interest. WHEREAS the owners of such bonds have offered to sell them to the District at the price and sum of Six Thousand Four Hundred Ninety-three Dollars, Fifty Cents ($6,493.50), plus accrued interest from June 1, 1971 until date of sale, and WHEREAS the District is willing to purchase such bonds upon such terms, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The sum of Six Thousand Six Hundred Dollars ($6,600.00) is hereby appropriated from the unappropriated surplus of the Coldwater Creek Sewer Revenue Bond Redemption Account to be used for the purchase of Ten Thousand Dollars ($10,000.00) par value Coldwater Creek Trunk Subdistrict Sewer Revenue Bonds dated August 1, 1963 and maturing on June 1, 1992, together with payment of the accrued interest thereon from June 1, 1971 until date of sale and payment therefor. Section Two. Upon receipt of such bonds by the Secretary-Treasurer he is hereby authorized and directed to cancel and retire such bonds, together with their then outstanding interest coupons. Section Three. This Ordinance, being an appropriation Ordinance, shall take effect immediately upon its enactment. The foregoing Ordinance was adopted June 17, 1971.